Economy

Moody's ups ratings of SBI, HDFC Bank, EXIM India and IRFC

Moody's ups ratings of SBI, HDFC Bank, EXIM India and IRFC In his comment, Bank of America Merrill Lynch (BofAML) Economist and Co-Head of India Research Indranil Sen Gupta said the rating upgrade supports its call that risks in India's government securities (G-sec) markets are overdone. The second quarter's numbers would be out by the end of this month. While GST and demonetisation have undermined growth over the near term, real GDP growth will rise ... [Full Article...]

Walmart Black Friday 2017 Deals to Avoid

Walmart Black Friday 2017 Deals to Avoid The team at Black Friday Dealer are comparing the best Black Friday Sonos Play & Sonos One deals for 2017. You love TV, we love TV... but is now the time to get a new TV? This year, a number of retailers will be slashing their prices on the busiest shopping day of the year. [Full Article...]

Oil leak shuts down portion of Keystone pipeline

Oil leak shuts down portion of Keystone pipeline TransCanada said in a statement it discovered the leak 6 a.m. on Thursday after systems detected a drop in pressure, and that it was working with the authorities as it investigates. The federal Pipeline and Hazardous Materials Safety Administration didn't immediately return an email requesting additional information from The Associated Press . [Full Article...]

Rugby World Cup 2023 Announcement, 15 Nov

Rugby World Cup 2023 Announcement, 15 Nov France held the Rugby World Cup in 2007. The team behind Ireland's bid to host the tournament had vowed to "compete to the final minute" after their efforts were dealt a blow. The remaining Six Nations and SANZAR countries had three votes each with the rest made up from the six regional associations and smaller rugby countries. [Full Article...]

Oil prices slide after IEA casts doubt over demand outlook

Oil prices slide after IEA casts doubt over demand outlook The IEA estimates that USA crude oil is expected to rise until reaching a peak in the 2020s of about 17 million bpd. The International Energy Agency on Tuesday cut its oil demand growth forecast by 100,000 barrels per day for this year and next, to an estimated 1.5 million bpd in 2017 and 1.3 million bpd in 2018. [Full Article...]

Airbus to Sell 430 Planes to Indigo for $49.5 Billion

Airbus to Sell 430 Planes to Indigo for $49.5 Billion The deal was struck with Phoenix-based Indigo Partners, a private equity firm that owns Denver-based Frontier Airlines and also backs Mexico's Volaris airline, Hungary's Wizz Air and Chile's JetSmart. For instance, Indigo Partners likely received a discount in the neighborhood of 45% to 48%, Airways senior business analyst Vinay Bhaskara told Business Insider. [Full Article...]

EgyptAir signs $1.1 billion deal for 12 Bombardier CSeries jets

EgyptAir signs $1.1 billion deal for 12 Bombardier CSeries jets No Middle East customer has said when it would take delivery of CSeries jets. Cromer said both sales had already being under negotiation and were not the result of the Airbus venture. The total list-price value of the deal rises to $2.2 billion if all options are exercised. The aircraft had been plagued by delays and cost overruns, and recently was hit with potentially crushing tariffs in the USA ... [Full Article...]

AWS Sells Chinese Cloud Assets Amid Tightening Regulations

AWS Sells Chinese Cloud Assets Amid Tightening Regulations Beijing Sinnet Technology said Tuesday it would buy parts of Amazon's ( NASDAQ: AMZN ) cloud business in China for up to two billion Chinese yuan ($301 million U.S.), but the USA e-commerce giant said it was not exiting the world's second-largest economy. [Full Article...]

Missouri is taking page from Europe and investigating Google

In a statement, Hawley said he also hopes to glean whether the practice. Google has come under growing scrutiny globally as it has become a top provider of online search, mobile software and advertising technology. "There is strong reason to believe that Google has not been acting with the best interest of Missourians in mind", Hawley said. He says the company will be held accountable and Missou... [Full Article...]

Breakfast at Tiffany's is now a thing you can actually do

Breakfast at Tiffany's is now a thing you can actually do Breakfast at Tiffany's is based on the Truman Capote novella about a country girl who moves to NY and joins high society. By the time the doors opened, at 10 a.m., there was a line down the block. It's part of the store's recent renovation that added a luxury home and accessories collection. That's right, you now CAN have Breakfast at Tiffany's - just head to the fourth floor. [Full Article...]

Autonomous shuttle test in Las Vegas has crash on first day

Autonomous shuttle test in Las Vegas has crash on first day In the immortal words of Homer Simpson, D'oh. In addition to studying how the shuttle interacts in a live traffic environment in downtown Las Vegas' busy Innovation District , AAA will survey riders on their experience in order to understand why a large percentage of consumers remain wary of driverless technology, and whether a personal experience changes their perception. [Full Article...]

Target Fidget Spinners Need to Get the Lead Out, PIRG Says

The Fidget Wild Spinner Premium Brass is also being sold on Target's website . Business Insider says that the legal limit for lead in a children's toy is 100 parts per million. Fidget spinners are still all the rage among the young crowd. Below that, it says the manufacturer categorizes the toy as being for ages "6 years and up". [Full Article...]

Eurozone growth to hit fastest in a decade in 2017

Macron is now pushing through significant labor reforms in France and hopes around those reforms, combined with his repeated calls for enhanced European economic cooperation and consolidation , have helped push growth expectations for France for 2017 up to 1.6 percent from the earlier 1.4 percent. [Full Article...]

Ex-Yahoo CEO Sorry for Hacks That Affected All 3 Billion Users

Yahoo and U.S. federal agents have blamed a separate 2014 company data breach involving 500 million accounts on Russian state-sponsored hackers. That means the perpetrators had three years to dive into Yahoo user accounts, and to any other internet accounts registered with the same usernames and passwords. [Full Article...]

Waymo's autonomous cars are already on public roads without safety drivers

Waymo's autonomous cars are already on public roads without safety drivers Google stablemate Waymo has begun testing its self-driving cars on the mean streets of Phoenix, Arizona , without a driver at the wheel. Waymo is a company created out of Google's self-driving programme, and was seen as a way to step up efforts to commercialise the firm's industry-leading efforts in autonomy. [Full Article...]

Paradise Papers Reveal Apple's Use Of Tax Havens

Paradise Papers Reveal Apple's Use Of Tax Havens The news outlet and the non-profit investigative organization cited confidential records that were obtained by the German newspaper Suddeutsche Zeitung and shared. But Apple has come under fire both in the United States and the European Union for its tax practices. Apple has said no operations were moved from Ireland. [Full Article...]

Watch Tesla Model 3 explored in close detail

Watch Tesla Model 3 explored in close detail During a conference call with investors tonight where Musk addressed both the Model 3's production problems and the company's record $619 million quarterly loss , he yelled "SHAME" at the journalists who covered the firings, according to our own Ryan Felton, who was on the call, and numerous other reporters listening in. [Full Article...]

Broadcom bids $130 Billion to acquire Qualcomm

Broadcom bids $130 Billion to acquire Qualcomm Shares of Qualcomm rose about 1 percent in early trading. The move would combine two of the largest makers of wireless communications chips for mobile phones and could pose a significant competitive threat to Intel, which has been looking to diversify into smartphone technology. [Full Article...]

Disney, 21st Century Fox have been in takeover talks

Disney, 21st Century Fox have been in takeover talks Reports in the Wall Street Journal and CNBC television said the discussions over the past few weeks had so far made little progress toward a deal. We'll be sure to keep you posted on this deal. That deal is now undergoing review by United Kingdom regulators. "I see lots of synergies for Disney ". [Full Article...]

New Zealand posts a big win to take series to the decider

New Zealand posts a big win to take series to the decider Black Caps captain Kane Williamson is delighted with the result. Boult started off the India tour with a bang with impressive performances in the opening two ODI matches but has since then gone off the boil a fair bit after having his worst ODI and T20I outings. [Full Article...]


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